Budgeting is a process to prepare the financial statement by the manager to estimate the organization’s future actions. It is also helpful to satisfy the everyday activities. Sales Budget is the estimation and projection of sales for a particular period of time. Production Budget shows the quantities of units that a company must produce to meet the budgeted sales and inventory. To Prepare: The sales budget and production budget of Incorporation S.

Question

Sales and production budgets Bowser Inc, manufactures two models of speakers, Rumble and Thunder. Based on the following production and sales data for June, prepare (a) a sales budget and (b) a production budget: Rumble Thunder Estimated inventory (units), June 11 Desired inventory (units), June 30 Expected sales volume (units): North Region South Region Unit sales price 256 294 3,550 4,850 $145 75 65 3,100 5,500 1220

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Question

Chapter 21, Problem 21.6EX

To determine

Budgeting is a process to prepare the financial statement by the manager to estimate the organization’s future actions. It is also helpful to satisfy the everyday activities.

Sales Budget is the estimation and projection of sales for a particular period of time.

Production Budget shows the quantities of units that a company must produce to meet the budgeted sales and inventory.

To Prepare: The sales budget and production budget of Incorporation S.

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Sales and production budgets Bowser Inc, manufactures two models of speakers, Rumble and Thunder. Based on the following production and sales data for June, prepare (a) a sales budget and (b) a production budget: Rumble Thunder Estimated inventory (units), June 11 Desired inventory (units), June 30 Expected sales volume (units): North Region South Region Unit sales price 256 294 3,550 4,850 $145 75 65 3,100 5,500 1220

Sales and Production Budgets Sonic Inc. manufactures two models of speakers, Rumble and Thunder. Based on the following production and sales data for June, prepare (a) a sales budget and (b) a production budget: Rumble Thunder Estimated inventory (units), June 1 251 69 Desired inventory (units), June 30 289 60 <) Expected sales volume (units): Midwest Region 3,200 3,600 South Region 5,050 4,400 Unit sales price $140 $195 a. Prepare a sales budget. Sonic Inc. Sales Budget For the Month Ending June 30 Product and Area Unit Sales Volume Unit Selling Price Total Sales Model: Rumble Midwest Region South Region Total Model: Thunder Midwest Region South Region Total Total revenue from sales b. Prepare a production budget. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Sonic Inc. Production Budget For the Month Ending June 30 Units Rumble Units Thunder Total units available Total units to be produced

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